HIAG places 115 million bond
HIAG Immobilien Holding AG placed a CHF 115 million fixed-rate bond on May 31. The coupon is one percent, the term is seven years.
HIAG Immobilien Holding intends to use the proceeds mainly for the repayment of bank financing.
Credit Suisse and Bank Vontobel acted as joint lead managers. Admission to trading on the SIX Swiss Exchange is being applied for.
HIAG Immobilien currently generates property income of CHF 51.4 million per year and is pushing ahead with around 50 development projects. (ah)
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